USDJPY, the double bottom pattern, might indicate a reversal of the previous downward trend. Traders often use the distance between the lowest low of the pattern and the resistance line to estimate a potential price target.
Based on this pattern, and major direction of trend, a projected target of 151 might be feasible. However, it's essential to apply technical analysis and consider other indicators to confirm the pattern and potential price target before making trading decisions.
Based on this pattern, and major direction of trend, a projected target of 151 might be feasible. However, it's essential to apply technical analysis and consider other indicators to confirm the pattern and potential price target before making trading decisions.
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